Wednesday, December 31, 2008

Democrats Prepare to Rape and Plunder Your Retirement Account

So you've been saving all these years, putting away as much as you can into your 401 K. or your IRA. You've been looking forward to the day when you can finally retire from job you've been slaving away in for all these years. You want to buy a little cabin in the woods where you can kick back and relax, go fishing!

There is a dark cloud forming over your hopes and dreams, Congressional Democrats are looking for a way to tap into your retirement fund, and steal your future right from under you without any warning. Everything you have worked for all these years will be gone in an instant, is this what Obama meant by 'spreading the wealth??'

I guess that means NO fishing cabin in the woods, and NO retirement for you!

They want to clean out your retirement account, issue you a worthless IOU, which is nothing more than a F&&K You Stupid People! They will leave millions of Americans penniless why they laugh all the way to the bank. In case you missed it congress just voted themselves a pay raise, how convenient for them as many Americans are out of work and struggling to make ends meet, and feed their families.

If you think things are bad now just wait until Obama and the Demons in Congress get into full swing with their radical liberal polices. Your having trouble paying the bills now, just wait, it will get much worse!

Newsmax sent me an email detailing this very issue, it reads: "In fact the radical-dominated House Education and Labor Committee is already floating plans to "merge" privately-owned 401(k)s with the Social Security system (which former U.S. Comptroller David Walker has been warning is little more than a vault of government IOUs).

In such a "merger" -- spearheaded by House committee chairman Rep. George Miller (a Marxist hailing from California's Berkeley area) -- your tax-sheltered personal investments would be liquidated, dumped into government bonds, and linked up with the cash-desperate Social Security "retirement" system (i.e. as government bureaucrats "spread the wealth," and you are reduced to standing in line, hat in hand, hoping you get some portion of your life savings back). (Of course, your purchasing power will evaporate after the federal government inflates away the value of your so-called "Guaranteed Retirement Account," or GRA as it would be named.)"

Well the sheep of America voted for change, here ya go!

In 2002, "Fannie Mae and Freddie Mac were issued radical new Affirmative Action lending quotas from politicians kowtowing to the Marxist ACORN and other radical groups."